Notice of EGM

Not for release, publication or distribution in or into the United States,
                           Canada, Japan or Australia

                            Real Estate Investors PLC

                                  Notice of EGM

Real  Estate Investors PLC ("REI" or the "Company") announces that  it  will  be
sending  a  circular  to  Shareholders today containing a  notice  convening  an
extraordinary  general  meeting ("EGM") to be held at the  offices  of  Smith  &
Williamson Corporate Finance Limited, 25 Moorgate, London EC2R 6AY at 10.00 a.m.
on 15 December 2006.

Following  the  appointment of Paul Bassi and Marcus Daly to the  Board  of  the
Company,  and  their respective investments in the Company, in  June  2006,  the
Company has adopted a policy of significant expansion.

To  facilitate  the  pursuit of this strategy, the  Board  of  the  Company  has
convened  an EGM to seek Shareholder approval for substantial increases  in  the
authorities of the Directors to allot on a non pre-emptive basis authorised  but
unissued  ordinary  shares of 1p each in the capital of the  Company  ("Ordinary
Shares")  up  to a nominal amount of £2,500,000 representing, as at 20  November
2006   (being  the  latest  practicable  date  prior  to  the  making  of   this
announcement), 276 per cent. of the Company's current issued share capital.

In  particular, the Company is currently considering a cash placing of  Ordinary
Shares  with  new institutional and other investors.  The Company will  announce
details of any actual placing in due course.

Further background to, and details of, the resolutions to be proposed  at
the EGM are set out in the circular sent to shareholders today.

For further information, please contact:

Real Estate Investors PLC
Peter Lewin, Chairman
www.reiplc.com
01923 776633

Christopher Joll
MJ2 Ltd
020 7491 7776

22 November 2006